SME News
-
2020-04-03
Despite SMEs’ complaints, Bank Negara says data shows three in four got the loans they sought
KUALA LUMPUR, April 3 — Eligible small- and medium-sized enterprises (SMEs) have adequate access to credit facilities, Bank Negara Malaysia (BNM) said in a report released after businesses clamoured for government aid to survive the coronavirus...
-
2020-04-03
‘Consider accounting impact from Covid-19’
KUALA LUMPUR: Companies need to consider accounting or disclosure implications resulting from the Covid-19 pandemic and the current market conditions, according to EY Accounting Link report. Many travel, hospitality, retail and entertainment compa...
-
2020-04-03
Retaillers likely to face negative growth for the entire year
KUCHING: In the event of the global Coronavirus Disease 2019 (Covid-19) outbreak and the ongoing domestic political turmoil, the retail consumption pattern here in Malaysia will continue to falter, leading to negative growth rate for the retail indus...
-
2020-04-03
BNM’s hedging scheme boosts businesses’ forex dealings
KUALA LUMPUR: There were 105 market participants registered in Bank Negara Malaysia’s dynamic hedging programme as at end-2019, managing a total of US$38 billion in assets. The programme was first introduced in 2016 to provide an avenue for ...
-
2020-04-02
Malaysia will not see significant rise of household bad loans
HOUSEHOLD non-performing loans could see a rise, but the moratorium on loan payments will prevent widespread bad debts which will hurt the banking sector. Financial regulators implemented a six-month loan moratorium effective yesterday for all ind...